Eaton officer uses shares to cover tax withholding
Eaton Corp plc officer Antonio Galvao reported tax-related share withholdings, not open-market trades.
Rhea-AI Filing Summary
Eaton Corp plc officer Antonio Galvao reported tax-related share withholdings, not open-market trades. On February 26, 2026, 340 ordinary shares at $372.96 and 39 shares at $367.49 were disposed to cover taxes due on vested performance share awards and restricted stock units. After these withholdings, he directly holds 9,600 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 379 shares
Exercise Price or Tax Liability
2 txns
Insider
Galvao Antonio
Role
See Remarks below.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 340 | $372.96 | $127K |
| Exercise Price or Tax Liability | Ordinary Shares | 39 | $367.49 | $14K |
Holdings After Transaction:
Ordinary Shares — 9,600 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld to cover taxes incurred in connection with the settlement of the performance share awards that vested February 25, 2026.
- F2. Represents shares withheld to cover taxes incurred in connection with the settlement of the restricted stock units that vested February 26, 2026.
FAQ
What insider transaction did Eaton (ETN) officer Antonio Galvao report?
Antonio Galvao reported dispositions of Eaton ordinary shares to cover tax obligations. The transactions relate to share awards that vested in late February 2026, and were structured as share withholdings rather than open-market sales by the officer.
Were the Eaton (ETN) insider transactions open-market sales?
No, the reported Eaton transactions were not open-market sales. They are coded as “F,” indicating shares were disposed of to satisfy tax liabilities triggered by the vesting and settlement of equity awards granted to the officer.
What does transaction code F mean in the Eaton (ETN) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this Eaton filing, it specifically refers to ordinary shares withheld to cover taxes from the settlement of vested performance share awards and restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.